Harbor Capital Advisors Inc. Has $25.47 Million Stake in StoneX Group Inc. (NASDAQ:SNEX)

Harbor Capital Advisors Inc. boosted its position in StoneX Group Inc. (NASDAQ:SNEX - Free Report) by 148.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 311,088 shares of the company's stock after acquiring an additional 185,769 shares during the period. StoneX Group accounts for approximately 1.1% of Harbor Capital Advisors Inc.'s portfolio, making the stock its 3rd largest holding. Harbor Capital Advisors Inc. owned approximately 0.98% of StoneX Group worth $25,472,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SNEX. American Century Companies Inc. raised its holdings in StoneX Group by 80.3% during the 2nd quarter. American Century Companies Inc. now owns 808,768 shares of the company's stock valued at $60,908,000 after acquiring an additional 360,164 shares during the period. Assenagon Asset Management S.A. boosted its stake in StoneX Group by 21.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 328,751 shares of the company's stock worth $24,758,000 after purchasing an additional 57,938 shares during the period. Janus Henderson Group PLC increased its position in shares of StoneX Group by 341.9% during the first quarter. Janus Henderson Group PLC now owns 63,791 shares of the company's stock valued at $4,480,000 after buying an additional 49,355 shares during the period. Denali Advisors LLC lifted its holdings in shares of StoneX Group by 1,680.4% in the second quarter. Denali Advisors LLC now owns 41,500 shares of the company's stock worth $3,125,000 after buying an additional 39,169 shares in the last quarter. Finally, CX Institutional purchased a new position in StoneX Group during the third quarter valued at approximately $2,823,000. Institutional investors own 75.93% of the company's stock.

StoneX Group Price Performance

Shares of SNEX stock traded up $0.71 on Friday, reaching $90.75. The company's stock had a trading volume of 106,381 shares, compared to its average volume of 146,839. The company has a market capitalization of $2.88 billion, a P/E ratio of 12.58 and a beta of 0.75. StoneX Group Inc. has a 12-month low of $59.07 and a 12-month high of $92.60. The stock's 50 day simple moving average is $83.53 and its 200-day simple moving average is $78.43. The company has a quick ratio of 1.20, a current ratio of 1.64 and a debt-to-equity ratio of 1.04.

StoneX Group (NASDAQ:SNEX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.13. The company had revenue of $913.70 million for the quarter, compared to analysts' expectations of $817.80 million. StoneX Group had a net margin of 0.27% and a return on equity of 15.89%. As a group, equities analysts predict that StoneX Group Inc. will post 7.75 earnings per share for the current fiscal year.

Insider Buying and Selling at StoneX Group

In related news, CEO Philip Andrew Smith sold 4,000 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $303,560.00. Following the transaction, the chief executive officer now owns 221,898 shares of the company's stock, valued at approximately $16,839,839.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.24% of the company's stock.

StoneX Group Profile

StoneX Group Inc operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments. The Commercial segment provides risk management and hedging, exchange-traded and OTC products execution and clearing, voice brokerage, market intelligence, physical trading, and commodity financing and logistics services.